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MercadoLibre Expands into Pharma and Food
Posted
September 9, 2025
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4,034
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September 9, 2025
4,034
75
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1.96%
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7:31Now PlayingMartin de los Santos, CFO of MercadoLibre, discusses the e-commerce platform's path toward growth in Latin America, including food delivery and the recent acquisition of Brazilian drugstore Globo.
Amazon.com Inc. has taken a stake in the Colombian delivery company Rappi Inc., a strategic partnership that pairs the e-commerce giant’s retail and technology infrastructure with one of Latin America’s best-known last-mile delivery outfits.
Getting access to Rappi’s logistics network could help Amazon compete with regional e-commerce heavyweight MercadoLibre Inc. For Rappi, the partnership brings an endorsement from North America’s biggest online retailer and opportunities to tap into its logistics and cloud-computing networks.
The initial investment — a $25 million convertible note, according to a person familiar with the transaction — is small for Amazon. But the deal entitles the Seattle-based company to buy as much as 12% of Rappi via warrants if certain milestones are met, said the person, who requested anonymity to because the deal’s terms were confidential. The numbers could potentially change.
Spokespeople for Amazon and Rappi declined to comment.
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